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Denholtz Properties Acquires the GAI Building in Downtown Orlando
JLL has completed the sale and financing of the GAI Building, a trophy office property totaling 106,966 square feet on South Street in downtown Orlando, FL. The property is fully leased to six tenants.
A JLL team led by Robby McEwan represented the seller, 618 East South Street, LLC, and procured the buyer, Denholtz Properties. In addition, a JLL team of Michael Klein, Jon Mikula, Maxx Carney and Ryan Carroll secured the acquisition loan through a regional bank.
Completed in 2011 by Ustler Development, Inc., the GAI Building is one of Orlando’s newest office properties and was downtown’s first privately developed LEED-certified office building. It is situated in the South Eola district and part of the Thornton Park neighborhood.
“We saw tremendous investor interest for the GAI Building due to the high-quality nature of the asset and the growing appeal and in-migration of companies and residents to downtown Orlando and the surrounding area,” said McEwan.
